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War-risk insurance market caught out

Claims for incidents in past five months total an estimated US$600 million

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Still under investigation: A train carrying the remains of the victims of the MH17 crash arriving in the city of Kharkiv in eastern Ukraine yesterday. - PHOTO: REUTERS

[KUALA LUMPUR] Malaysia Airlines' (MAS) two crashes in less than five months are sending tremors through the aviation insurance market - not least because the carrier's US$2.25 billion overall liability policy is mysteriously missing a standard clause that usually limits insurers' payments for

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